Elementary Technical Mathematics
12th Edition
ISBN: 9781337630580
Author: Dale Ewen
Publisher: Cengage Learning
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Chapter 4, Problem 5R
To determine
To calculate: The number of digits which are significant or the accuracy of the measurement
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Questions
An insurance company's cumulative incurred claims for the last 5 accident years are given
in the following table:
Development Year
Accident Year 0
2018
1 2 3 4
245 267 274 289 292
2019
255 276 288 294
2020
265 283 292
2021
263 278
2022
271
It can be assumed that claims are fully run off after 4 years. The premiums received for
each year are:
Accident Year Premium
2018
306
2019
312
2020
318
2021
326
2022
330
You do not need to make any allowance for inflation.
1. (a) Calculate the reserve at the end of 2022 using the basic chain ladder method.
(b) Calculate the reserve at the end of 2022 using the Bornhuetter-Ferguson method.
2. Comment on the differences in the reserves produced by the methods in Part 1.
Please type out answer
Chapter 4 Solutions
Elementary Technical Mathematics
Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...
Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Prob. 24ECh. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Prob. 26ECh. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Prob. 30ECh. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Determine the accuracy of each measurement; that...Ch. 4.1 - Prob. 36ECh. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.2 - Find a. the precision and b. the greatest possible...Ch. 4.3A - Read the measurement in millimeters shown on each...Ch. 4.3A - Read the measurement in millimeters shown on each...Ch. 4.3A - Read the measurement in millimeters shown on each...Ch. 4.3A - Read the measurement in millimeters shown on each...Ch. 4.3A - Read the measurement in millimeters shown on each...Ch. 4.3A - Read the measurement in millimeters shown on each...Ch. 4.3A - Read the measurement in millimeters shown on each...Ch. 4.3A - Read the measurement in millimeters shown on each...Ch. 4.3A - Read the measurement in millimeters shown on each...Ch. 4.3A - Prob. 10ECh. 4.3A - Prob. 11ECh. 4.3A - Prob. 12ECh. 4.3B - Read the measurement in inches shown on each...Ch. 4.3B - Read the measurement in inches shown on each...Ch. 4.3B - Read the measurement in inches shown on each...Ch. 4.3B - Prob. 4ECh. 4.3B - Prob. 5ECh. 4.3B - Read the measurement in inches shown on each...Ch. 4.3B - Prob. 7ECh. 4.3B - Prob. 8ECh. 4.3B - Prob. 9ECh. 4.3B - Read the measurement in inches shown on each...Ch. 4.3B - Prob. 11ECh. 4.3B - Read the measurement in inches shown on each...Ch. 4.4A - Read the measurement shown on each metric...Ch. 4.4A - Read the measurement shown on each metric...Ch. 4.4A - Read the measurement shown on each metric...Ch. 4.4A - Prob. 4ECh. 4.4A - Prob. 5ECh. 4.4A - Prob. 6ECh. 4.4A - Prob. 7ECh. 4.4A - Prob. 8ECh. 4.4A - Prob. 9ECh. 4.4A - Prob. 10ECh. 4.4A - Read the measurement shown on each metric...Ch. 4.4A - Prob. 12ECh. 4.4A - Read the measurement shown on each metric...Ch. 4.4A - Prob. 14ECh. 4.4A - Prob. 15ECh. 4.4A - Prob. 16ECh. 4.4A - Prob. 17ECh. 4.4A - Prob. 18ECh. 4.4A - Prob. 19ECh. 4.4A - Read the measurement shown on each metric...Ch. 4.4B - Read the measurement shown on each U.S....Ch. 4.4B - Prob. 2ECh. 4.4B - Prob. 3ECh. 4.4B - Prob. 4ECh. 4.4B - Prob. 5ECh. 4.4B - Prob. 6ECh. 4.4B - Read the measurement shown on each U.S....Ch. 4.4B - Read the measurement shown on each U.S....Ch. 4.4B - Prob. 9ECh. 4.4B - Prob. 10ECh. 4.4B - Prob. 11ECh. 4.4B - Prob. 12ECh. 4.4B - Prob. 13ECh. 4.4B - Prob. 14ECh. 4.4B - Prob. 15ECh. 4.4B - Prob. 16ECh. 4.4B - Prob. 17ECh. 4.4B - Prob. 18ECh. 4.4B - Prob. 19ECh. 4.4B - Prob. 20ECh. 4.5 - In each set of measurements, find the measurement...Ch. 4.5 - In each set of measurements, find the measurement...Ch. 4.5 - In each set of measurements, find the measurement...Ch. 4.5 - In each set of measurements, find the measurement...Ch. 4.5 - In each set of measurements, find the measurement...Ch. 4.5 - Prob. 6ECh. 4.5 - Prob. 7ECh. 4.5 - In each set of measurements, find the measurement...Ch. 4.5 - In each set of measurements, find the measurement...Ch. 4.5 - Prob. 10ECh. 4.5 - Prob. 11ECh. 4.5 - In each set of measurements, find the measurement...Ch. 4.5 - In each set of measurements, find the measurement...Ch. 4.5 - In each set of measurements, find the measurement...Ch. 4.5 - Prob. 15ECh. 4.5 - Prob. 16ECh. 4.5 - In each set of measurements, find the measurement...Ch. 4.5 - Prob. 18ECh. 4.5 - Prob. 19ECh. 4.5 - Prob. 20ECh. 4.5 - Use the rules for addition of measurements to find...Ch. 4.5 - Use the rules for addition of measurements to find...Ch. 4.5 - Use the rules for addition of measurements to find...Ch. 4.5 - Use the rules for addition of measurements to find...Ch. 4.5 - Use the rules for addition of measurements to find...Ch. 4.5 - Prob. 26ECh. 4.5 - Use the rules for addition of measurements to find...Ch. 4.5 - Use the rules for addition of measurements to find...Ch. 4.5 - Use the rules for addition of measurements to find...Ch. 4.5 - Prob. 30ECh. 4.5 - Prob. 31ECh. 4.5 - Use the rules for addition of measurements to find...Ch. 4.5 - Use the rules for subtraction of measurements to...Ch. 4.5 - Use the rules for subtraction of measurements to...Ch. 4.5 - Prob. 35ECh. 4.5 - Use the rules for subtraction of measurements to...Ch. 4.5 - Use the rules for subtraction of measurements to...Ch. 4.5 - Use the rules for subtraction of measurements to...Ch. 4.5 - Prob. 39ECh. 4.5 - Prob. 40ECh. 4.5 - Use the rules for subtraction of measurements to...Ch. 4.5 - If you bolt four pieces of metal with thicknesses...Ch. 4.5 - Prob. 43ECh. 4.5 - Prob. 44ECh. 4.5 - A welder cuts several pieces of steel angle of...Ch. 4.5 - Prob. 46ECh. 4.5 - Prob. 47ECh. 4.5 - Prob. 48ECh. 4.5 - An automobile cooling system is leaking. One day...Ch. 4.5 - Prob. 50ECh. 4.5 - Prob. 51ECh. 4.5 - A 6-room building has the following supply air...Ch. 4.5 - Prob. 53ECh. 4.5 - Prob. 54ECh. 4.5 - Prob. 55ECh. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Prob. 8ECh. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Prob. 12ECh. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Prob. 20ECh. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Use the rules for multiplication and/or division...Ch. 4.6 - Prob. 26ECh. 4.6 - V=lwh is the formula for the volume of a...Ch. 4.6 - Find the volume of a cube measuring 8.10 cm on...Ch. 4.6 - The formula s=4.90t2 gives the distances, s in...Ch. 4.6 - Given K.E.=12mv2,m=2.87106kg,andv=13.4m/s. Find...Ch. 4.6 - A formula for determining the theoretical...Ch. 4.6 - Six pieces of metal, each 2.48 mm in thickness,...Ch. 4.6 - Find the volume of a storage bin cylinder with...Ch. 4.6 - In 2010, the United States harvested 12.4 billion...Ch. 4.6 - Prob. 35ECh. 4.6 - Prob. 36ECh. 4.6 - Prob. 37ECh. 4.6 - Prob. 38ECh. 4.6 - Prob. 39ECh. 4.6 - Prob. 40ECh. 4.6 - Prob. 41ECh. 4.6 - Prob. 42ECh. 4.6 - Prob. 43ECh. 4.6 - Prob. 44ECh. 4.6 - Prob. 45ECh. 4.6 - The weather forecast for tonight calls for about 1...Ch. 4.6 - Prob. 47ECh. 4.6 - According to the Environmental Protection Agency,...Ch. 4.6 - There is so much water in the world that we...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - For each measurement, find the precision, the...Ch. 4.7 - Prob. 18ECh. 4.7 - Prob. 19ECh. 4.7 - Prob. 20ECh. 4.7 - Compare each set of measurements by indicating...Ch. 4.7 - Compare each set of measurements by indicating...Ch. 4.7 - Complete the table: Given measurement Tolerance...Ch. 4.7 - Complete the table: Given measurement Tolerance...Ch. 4.7 - Complete the table: Given measurement Tolerance...Ch. 4.7 - Complete the table: Given measurement Tolerance...Ch. 4.7 - Complete the table: Given measurement Tolerance...Ch. 4.7 - Complete the table: Given measurement Tolerance...Ch. 4.7 - Complete the table: Given measurement Tolerance...Ch. 4.7 - Complete the table: Given measurement Tolerance...Ch. 4.7 - Complete the table: Given measurement Tolerance...Ch. 4.7 - Complete the table: Given measurement Tolerance...Ch. 4.7 - Complete the table: Given measurement Tolerance...Ch. 4.7 - Prob. 34ECh. 4.7 - Prob. 35ECh. 4.7 - Complete the table: Given measurement Tolerance...Ch. 4.7 - Complete the table: Given measurement Tolerance...Ch. 4.7 - Prob. 38ECh. 4.7 - Complete the table: Architects estimate Maximum...Ch. 4.7 - Complete the table: Architects estimate Maximum...Ch. 4.7 - Complete the table: Architects estimate Maximum...Ch. 4.7 - Complete the table: Architects estimate Maximum...Ch. 4.8 - For each resistor shown, find the resistance and...Ch. 4.8 - For each resistor shown, find the resistance and...Ch. 4.8 - Prob. 3ECh. 4.8 - For each resistor shown, find the resistance and...Ch. 4.8 - Prob. 5ECh. 4.8 - For each resistor shown, find the resistance and...Ch. 4.8 - For each resistor shown, find the resistance and...Ch. 4.8 - For each resistor shown, find the resistance and...Ch. 4.8 - Prob. 9ECh. 4.8 - For each resistor shown, find the resistance and...Ch. 4.8 - For each resistor shown, find the resistance and...Ch. 4.8 - For each resistor shown, find the resistance and...Ch. 4.8 - Prob. 13ECh. 4.8 - Prob. 14ECh. 4.8 - Prob. 15ECh. 4.8 - What color code on the first three bands is needed...Ch. 4.8 - What color code on the first three bands is needed...Ch. 4.8 - Prob. 18ECh. 4.8 - Prob. 19ECh. 4.8 - Prob. 20ECh. 4.8 - Prob. 21ECh. 4.8 - Prob. 22ECh. 4.8 - Prob. 23ECh. 4.8 - What color code on the first three bands is needed...Ch. 4.8 - Prob. 25ECh. 4.8 - Find a. the tolerance in ohms, b. the upper...Ch. 4.8 - Prob. 27ECh. 4.8 - Prob. 28ECh. 4.8 - Prob. 29ECh. 4.8 - Find a. the tolerance in ohms, b. the upper...Ch. 4.9 - Read each scale:Ch. 4.9 - Prob. 2ECh. 4.9 - Prob. 3ECh. 4.9 - Prob. 4ECh. 4.9 - Prob. 5ECh. 4.9 - Prob. 6ECh. 4.9 - Prob. 7ECh. 4.9 - Prob. 8ECh. 4.9 - Prob. 9ECh. 4.9 - Prob. 10ECh. 4.9 - Prob. 11ECh. 4.9 - Prob. 12ECh. 4.9 - Read each scale:Ch. 4.9 - Prob. 14ECh. 4.9 - Read each scale:Ch. 4.9 - Prob. 16ECh. 4.9 - Prob. 17ECh. 4.9 - Prob. 18ECh. 4.9 - Read each scale:Ch. 4.9 - Prob. 20ECh. 4.9 - Prob. 21ECh. 4.9 - Prob. 22ECh. 4 - Give the number of significant digits (the...Ch. 4 - Give the number of significant digits (the...Ch. 4 - Prob. 3RCh. 4 - Prob. 4RCh. 4 - Prob. 5RCh. 4 - Prob. 6RCh. 4 - Prob. 7RCh. 4 - Prob. 8RCh. 4 - Find a. the precision and b. and greatest possible...Ch. 4 - Prob. 10RCh. 4 - Prob. 11RCh. 4 - Prob. 12RCh. 4 - Prob. 13RCh. 4 - Prob. 14RCh. 4 - Prob. 15RCh. 4 - Prob. 16RCh. 4 - Read the measurement shown on the vernier caliper...Ch. 4 - Prob. 18RCh. 4 - Prob. 19RCh. 4 - Read the measurement shown on the U.S. micrometer...Ch. 4 - Find the measurement that is a. the most accurate...Ch. 4 - Prob. 22RCh. 4 - Prob. 23RCh. 4 - Prob. 24RCh. 4 - Prob. 25RCh. 4 - Prob. 26RCh. 4 - Prob. 27RCh. 4 - Prob. 28RCh. 4 - Prob. 29RCh. 4 - Prob. 30RCh. 4 - Prob. 31RCh. 4 - Prob. 32RCh. 4 - Prob. 33RCh. 4 - For each resistor find its resistance and its...Ch. 4 - Prob. 35RCh. 4 - Prob. 36RCh. 4 - Give the number of significant digits in each...Ch. 4 - Give the number of significant digits in each...Ch. 4 - Prob. 3TCh. 4 - Find a. the precision and b. the greatest possible...Ch. 4 - Prob. 5TCh. 4 - Find a. the precision and b. the greatest possible...Ch. 4 - Prob. 7TCh. 4 - Read the measurement shown on the vernier caliper...Ch. 4 - Prob. 9TCh. 4 - Read the measurement shown on the U.S. micrometer...Ch. 4 - Prob. 11TCh. 4 - Find the measurement that is a. the most accurate,...Ch. 4 - Use the rules of measurement to multiply:...Ch. 4 - Use the rules of rules of measurement to add:...Ch. 4 - Prob. 15TCh. 4 - Use the rules of measurement to divide: 6.28m225mCh. 4 - Prob. 17TCh. 4 - Find a. the relative error and b. the percent of...Ch. 4 - Prob. 19TCh. 4 - Read each scale:Ch. 4 - Prob. 1CRCh. 4 - Round 32,518.612 to nearest a. ten b. hundredth.Ch. 4 - Prob. 3CRCh. 4 - Prob. 4CRCh. 4 - Prob. 5CRCh. 4 - Prob. 6CRCh. 4 - Prob. 7CRCh. 4 - Prob. 8CRCh. 4 - Prob. 9CRCh. 4 - Prob. 10CRCh. 4 - Prob. 11CRCh. 4 - Prob. 12CRCh. 4 - Prob. 13CRCh. 4 - Prob. 14CRCh. 4 - Prob. 15CRCh. 4 - Prob. 16CRCh. 4 - Prob. 17CRCh. 4 - Prob. 18CRCh. 4 - Prob. 19CRCh. 4 - Prob. 20CRCh. 4 - Given the number of significant digits in each...Ch. 4 - Find a. the precision and b. the greatest possible...Ch. 4 - Find a. the precision and b. the greatest possible...Ch. 4 - Prob. 24CRCh. 4 - Prob. 25CRCh. 4 - Prob. 26CRCh. 4 - Prob. 27CRCh. 4 - Prob. 28CRCh. 4 - Prob. 29CRCh. 4 - Prob. 30CRCh. 4 - Prob. 31CRCh. 4 - Prob. 32CRCh. 4 - Prob. 33CRCh. 4 - Read each scale:
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